Pros
Offer great benefits for older employees, including 401k match, pension and bonuses. Also offer education assistance towards a degree program. Good for college graduates to accumulate experiences during the first 2-3 years for his first job.
Cons
The HR is the worst in the world. The entire HR system in the company is so flawed. In most other companies, HR is a service department. Here in ABB, HR is an authority. Even line managers have to listen to HR in a lot of things (they basically have veto power), such as the decision to hire someone, the decision to promote someone, or give someone a raise. The efficiency of HR is just unbelievably slow. One guy walked into the HR office and before he could even say a word, the HR lady yelled at him: I am doing this for you!!!!!!!!!!!!!!!! What is even worse, HR would make up things to managers and employees to let them fight against each other. Totally unethical. Salary raise is ridiculous. The env does not encourage best performers at all. I made half of what some of the senior technical guys make but did twice the work. That's why it's only good for your first job right out of school. After 2-3 years, you have to move on to somewhere else to pursue other opportunities or you will have to wait forever (10+) for your turn. The benefits and salary mechanism encourages old employees to stay forever. There are so many senior people. Young guys just don't get appreciated, even though their contributions might be much more than old guys. It's a place for retirement and early learning, not when you are at your best.